Table of Contents

Survey of Consumer Finances, 1989 (ICPSR 9687)

Principal Investigator(s):Kennickell, Arthur; Board of Governors of the Federal Reserve System

Summary:

The purpose of this data collection effort was to provide
an accurate representation of the distribution of elements composing
family balance sheets across families in the United States. To that
end, the 1989 Survey of Consumer Finances was designed to gather
household-level information closely comparable to that obtained in the
SURVEY OF CONSUMER FINANCES, 1983 (ICPSR 9751). Detailed data were
collected on the composition of household budgets, the terms of loans,
and relationships with financia... (more info)

The purpose of this data collection effort was to provide
an accurate representation of the distribution of elements composing
family balance sheets across families in the United States. To that
end, the 1989 Survey of Consumer Finances was designed to gather
household-level information closely comparable to that obtained in the
SURVEY OF CONSUMER FINANCES, 1983 (ICPSR 9751). Detailed data were
collected on the composition of household budgets, the terms of loans,
and relationships with financial institutions. Information was also
obtained on employment history and pension rights of the survey
respondent and the spouse or partner of the respondent. In addition to
recording data on the economic assets and liabilities of families, the
survey examined the attitudes of consumers toward credit use and their
reactions to consumer credit regulations. Demographic variables
include age, sex, marital status, housing, and financial
independence.

Study Description

Citation

Kennickell, Arthur, and Board of Governors of the Federal Reserve System. Survey of Consumer Finances, 1989. ICPSR09687-v2. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2006-03-30. http://doi.org/10.3886/ICPSR09687.v2

Methodology

Sample:
To obtain a sufficiently large and unbiased sample of
wealthier households, the Survey of Consumer Finances employs a
two-part strategy for sampling households. Of the 3,143 households in
the sample, 2,277 were selected by standard multistage area-probability
sampling methods from the 48 contiguous states. The remaining 866
households in the survey were selected using tax data. This second
group of households was specifically selected to oversample wealthier
households. There are also weighting adjustments for survey
nonrespondents and a systematic imputation of unanswered questions. In
this dataset, values have been multiply imputed. The imputations are
stored as complete replicates of each case. There are five copies of
each survey observation.

Data Source:

personal interviews and telephone interviews

Version(s)

Original ICPSR Release:1993-05-13

Version History:

2006-03-30 File CB9687.ALL was removed from any previous datasets and flagged as a study-level file, so that it will accompany all downloads.

1997-12-12 A new weight variable (X42000), computed to be
consistent with the final versions of this variable in the 1992 and
1995 Surveys of Consumer Finances, has been added to the
collection. A file of replicate weights and multiplicity factors
corresponding to X42000 has also been added as Part 2 of the
collection, along with a PDF version of the questionnaire, replacing
the hardcopy-only version.